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Merrill Lynch Announces BFS Equipment Leasing to Help
Clients Grow Their Businesses Merrill Lynch (NYSE:MER) introduces BFS Equipment Leasing(R),
a new equipment financing program for clients of Merrill Lynch Business
Financial Services, a wholly owned subsidiary of Merrill Lynch Bank
USA. The new program provides convenient, online lease financing
from $10,000 to $2 million-plus for a wide range of commercial equipment.
This includes computers, software, telephone and voice-mail systems,
medical, dental and diagnostic equipment, construction and materials
handling/industrial equipment, and more. "Our business clients have expressed a need for a broader
range of equipment financing solutions to be available through their
Merrill Lynch relationship," said David W. Tralka, First Vice President,
Merrill Lynch Business Financial Services. "BFS Equipment Leasing
broadens the products and services that we provide to our small and
midsize clients and makes it easier for them to acquire the tools and
equipment they need to grow their businesses successfully." Merrill Lynch Business Financial Services is working with
De Lage Landen Financial Services, Inc. of Wayne, PA, the North American
subsidiary of De Lage Landen International B.V. of the Netherlands and
a leading international provider of high quality asset-based financing
products, to provide this comprehensive new program. "We are pleased to work with a firm possessing such
an in-depth knowledge of our business needs," Mr. Tralka said.
"As a global leader in lease management services, De Lage Landen
allows us to offer our clients competitive equipment financing combined
with client service excellence." "We look forward to working with Merrill Lynch Business
Financial Services in adding value for their clients and business partners,
said Carlo van Kemenade, Vice President and General Manager of De Lage
Landen's Outsourcing & Servicing Group. "With more than 30
years of experience in the leasing industry, we have the knowledge and
expertise to help their clients gain a competitive advantage in an increasingly
competitive marketplace." BFS Equipment Leasing is accessible through the Merrill Lynch
Business Center (www.businesscenter.ml.com), which integrates a comprehensive
range of online services, including online account access, product services
and information on cash management, financing, retirement planning and
selling your business, as well as online business banking. De Lage Landen Financial Services, of Wayne, PA, is part
of De Lage Landen International B.V., an international provider of high
quality asset-based financing products. The company, headquartered in
Eindhoven (the Netherlands), is a wholly owned subsidiary of the Dutch
Rabobank Group. With offices and joint ventures in 20 countries throughout
Europe, the Americas, Australia and New Zealand, De Lage Landen specializes
in asset financing and vendor finance programs internationally, with
a focus on the following industries: Agriculture and Food, Healthcare,
IT, Materials Handling and Construction Equipment, Office Equipment,
Telecom and Bank Outsourcing. Domestically, the company concentrates
on a broad range of leasing and trade finance products. For more information,
please visit www.delagelanden.com . Merrill Lynch is one of the world's leading financial management
and advisory companies with offices in 36 countries and total client
assets of approximately $1.3 trillion. As an investment bank, it is
a leading global underwriter of debt and equity securities and strategic
advisor to corporations, governments, institutions and individuals worldwide.
Through Merrill Lynch Investment Managers, the company is one of the
world's largest managers of financial assets. For more information on
Merrill Lynch, please visit www.ml.com . CONTACT: Merrill Lynch, New York Erik Hendrickson 212/449-7293 SOURCE: Merrill Lynch
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